Gujarat Ports and Logistics to develop coastal movement of containers from minor to major ports

27 Jan 2022 , 12:29 PM

Seacoast Shipping Services Limited (SSSL) has announced that Gujarat Port and Logistics Company Limited (GPLCL) being SUP floated by Gujarat Maritime Board and GSFC has accepted the proposal proposed by SSSL for developing coastal movement of containers and Bulk cargo from minor ports to major ports via sea route through bogies.

The above project will be the first move towards Sagar Mala Scheme, by the Government of India, Ministry of Shipping to reduce land traffic which to be beneficial to the environment and will be highly cost-effective Exim trade and will play a major role in the economy.

The above project will have high revenue income which will increase the turnover above 200 Cr. additionally to the current business and will be in a position to deploy 100 employees.

Moreover, SSSL has proposed Joint Venture to GPLCL for the long-term association which is under the procedure for implementing as per the policy of the Government.

Seacoast shipping the leading global bulk dry operator and Logistic Solution provider that is focused on increasing the company’s regional presence so as to pursue strong growth in its business and revenues.

Seacoast is currently trading at Rs 17.60, down 3.03%.